IN THE JOSHUAS AT SOUTHGATE - ST. GEORGE, UTAH

SATURDAY, MAY 23RD AT 12:00 NOON

A $5,000 deposit will be required to participate in the bidding of this auction. The highest bid for each property will be subject to Seller Approval. (See bidder terms below)...The Joshuas at Southgate are located at 2261 So. Tonaquint Drive, St.George, UT 84770

(Final Sale of each Property is subject to Seller approval)1. Auction. The Auction is scheduled to take place on Saturday, May 23rd, 2015 and will begin at 12:00 (Noon). It is to be conducted by Statewide Auction Company from their Hurricane, Utah Auction facility located at 5099 W Wheeler Way. The Associate Broker is Raelyn Austin of Turn Key Real Estate. The Auction Sale is subject to Seller Approval.2. Preview. Inspection of the properties is permitted to take place at the convenience of prospective bidders.3. Property Information. Interested parties may obtain information about the Properties by visiting www.StatewideAuctionCo.com or by contacting Associate Broker, Raelyn Austin of Turn Key Real Estate at (801) 420-0637. Prior to the Auction Sale, prospective bidders are encouraged to inspect the Properties, review available reports, plat maps, surveys, etc…4. Condition. The Properties shall be sold as is, unrepaired, WITHOUT WARRANTY, EXPRESS OR IMPLIED, as to any matter. Prospective bidders rely solely on their independent investigation in purchasing the Property, including physical inspections and inspection of documents. Successful bidders will release Seller from all claims and liabilities regarding the environmental condition of the Properties.5. Registration and Deposit. To obtain a bidder’s card, a deposit in the amount of $5,000 is required at the time of auction and shall be applied to the purchase price at the time of closing.

This
deposit is to be in the form of a cashier’s check made payable to
Statewide Auction Company and will be refunded to unsuccessful bidders
on the day of the auction. In the event that the winning bidder's offer
is not accepted by the Seller, the deposit shall be promptly refunded.
Each bidder making a deposit shall be bound by all the terms of the
Auction Sale.6. Bid Procedure. Seller shall conduct the Auction Sale through Statewide Auction Company. Bids must be for payment in full at the closing by certified funds. Upon bids receiving acceptance, the successful bidders must sign an obligation agreement confirming the bid. The successful bidders’ deposit shall then become nonrefundable, except upon Seller’s default.7. Phone Bids. Bidders may also participate in the Auction Sale via telephone by pre-registering and submitting their bidder deposit of $5,000 at least one day in advance of the Auction. Pre-registered Bidders will be provided a telephone conference phone number, pass code, and instructions for bidding via telephone.8. Closing. Closing is to take place within 14 business days of the Auction Sale and is to be conducted through Inwest Title Services located at 444 East Tabernacle Suite B202 in St. George, UT 84770.9. Buyer’s Agent Commission. A 2% Buyer’s Agent commission is made available to Licensed Real Estate Agents representing successful bidders. Bidders represented by a Buyer’s Agent are subject to a 2% Buyer’s Premium.

10. Backup Purchasers.
The second place bidders of the Property will be recorded as the
“Backup Purchaser” should the first place purchaser fail to close for
any reason.11. Liens. The Property will be sold free and clear of liens.12. Property Taxes. Property taxes will be shared on a pro rata basis between the Seller and purchaser.13. Title Insurance. The Seller will provide owner’s title insurance policy.14. Property Transfer. At the closing, the seller shall convey the Property via Special Warranty Deed.15. Governing Law. This agreement shall be governed by, construed and enforced in accordance with the laws of the state of Utah.16. Disclaimer. Statewide Auction Company, Raelyn Austin of Turn Key Real Estate, and Seller have obtained information about the Property from sources that they deem to be reliable, however, they make no warranties as to the accuracy of, and disclaim all liability for errors or omissions in, advertisements, brochures or other promotional statements and materials relating to the Auction Sale. The terms of the announcement made by the Seller at the time of the Auction Sale shall take precedence over all such materials.